Word: julio
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...ECUADOR is under military rule, and likely to stay that way for a while. "Power," says Rear Admiral Ramon Castro Jijón, chief of the junta, "does not lure us. Only the circumstances retain us." In the 19 months since the military toppled erratic, hard-drinking Carlos Julio Arosemena, Ecuador's progress-minded soldiers have ground out hundreds of decrees organizing a civil service, setting up a land reform, revising the tax system. New industry (paint, textiles, detergents) is flowing into Quito and Guayaquil. In the highlands, where half of Ecuador's 4,700,000 people...
...Explosives. The increase in sugar production has produced some sour with the sweet. Exceptional harvests all around the world will create a 4.4 million-ton surplus this year; prices have toppled from 11.18? per Ib. only last month to last week's 2.20?. Two companies operated by Julio Lobo, the world's foremost sugar buyer, recently went bankrupt by banking on a rising market. The situation is complicated by Castro's Cuba, whose crop this year is expected to rebound to 5 million tons. Russia, the world's largest grower (from sugar beets), takes...
...stepped in after an inconclusive election threatened to divide the country into warring camps; when tempers cooled, Peru had another election, and now President Fernando Belaunde Terry is successfully working to develop the country. In Ecuador, the military retrieved the country from the boozy, embarrassing excesses of President Carlos Julio Arosemena and pressed on with a sobering program of austerity and fiscal reforms. In El Salvador, burly Army Colonel Julio Rivera took power three years ago; he has now been freely elected constitutional President, is breaking the hold of the aristocracy and improving the lot of the peasants. "Only...
...equally vague about himself. He expresses few of his own thoughts, has scarcely any explanation for the abrupt shifts in his career. A confirmed skeptic in the 1920s, he was dubbed "the caraboid," the name of a beetle which ejects a fine stinging spray. In his early novels, Julio Jurenito and The Stormy Life of Lasik Roitschwantz, Ehrenburg mocked Right and Left, capitalism and Communism (when Roitschwantz was republished in the U.S. in 1960, it was much to his embarrassment). But in the 1930s, he became a militant Communist, began cranking out "social realism" clinkers that glorified the Russian regime...
Last year the G.N.P. rose 7% to a high of $1.2 billion, and in the last eight months alone savings deposits climbed 26%. Some money is actually going begging. "There's one bank in Guatemala," says Banker Julio Veilman, "that has $5,000,000 in excess funds that it can't place." Certainly, Guatemala is not without social and political problems. Of its 4,500,000 people, 3,900,000 still live in the country's corrugated outback. They are mostly broad-faced descendants of the Maya Indians, and every year more and more of them drift...